The Real Deal Miami

Palm Beach home listed near $16M is under contract

At the list price, it would be the most expensive pending home sale in Palm Beach

April 30, 2016 01:15PM

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534 Island Drive, Palm Beach (Credit: Golden Bear Realty)

534 Island Drive, Palm Beach (Credit: Golden Bear Realty)

A potential buyer signed a contract to buy a Palm Beach home on Everglades Island, listed for sale in late January with an asking price just under $16 million.

At that asking price, the deal would be the most expensive among 15 currently pending sales of single-family homes in Palm Beach, according to Multiple Listing Service information.

Harold and Lorrainea Corrigan listed the four-bedroom home with a Colonial architectural style.

The Palm Beach Daily News also reported that the Corrigans renovated the 8,674-square-foot home after buying it for $3.85 million in 2000.

The home was built in 1961 on a half acre with 151 feet of waterfront.

Chistopher Dietz, an agent of the Fite Group, holds the listing for the property at 534 Island Drive.

Pam and Brad Miller, agents of the Corcoran Group, represent the unidentified potential buyer. [Palm Beach Daily News] — Mike Seemuth